This due diligence form describes the General Code of Executive Ethics for all Corporate Executives and Members of the Board of Directors and Committees that has been adopted by the board of directors of a company. It reflects the company's vigorous and ongoing commitment to the highest ethical standards for its executives, officers, and board and committee members.
Oregon General Code of Executive Ethics for all Corporate Executives and Members of the Board of Directors and Committees
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FAQ
The code of ethics usually includes the six universal moral values that state you expect employees to be trustworthy, respectful, responsible, fair, caring and good citizens. You can also include values such as celebrating diversity, using green standards in the workplace, or dress codes.
Generally, a code of ethics should include the six universal moral values, where you state that you expect an employee to be trustworthy, respectful, responsible, fair, kind and good citizens. Honorable mentions include adding that your business celebrates diversity, green practices, and proper dress codes.
Here is a framework to help you establish a code of ethics for your own business:Define the company's priorities.Speak with employees about content to include.Underline acceptable workplace behavior.Note who is in charge of compliance.Get approval from management.Initiate a code program.
It is divided into three sections, and is underpinned by the five fundamental principles of Integrity, Objectivity, Professional competence and due care, Confidentiality, and Professional behaviour.
Codes typically divide into three distinct elements: 1) an introduction or preamble, 2) a statement of purposes and values, 3) specific rules of conduct which may be subdivided in various ways, and 4) implementation of the code, which will define administrative processes, reporting, and sanctions.
What are the five codes of ethics?Integrity.Objectivity.Professional competence.Confidentiality.Professional behavior.
It is also essential that the code address areas that are specific to the organization and how it conducts business.Step One: Gathering Information.Step Two: Creating the Draft.Step Three: Reviewing the Draft.Step 4: Formally Adopting the Code.Step 5: Introducing the Code.Step Six: Enforcing the Code.
These can include personal traits, such as honesty, kindness, integrity or any other characteristic you associate with your behavior. Ask yourself if people close to you would agree with your assessment. By determining your traits, you can create a more definite and honest code of ethics.
Six Steps to an Ethical Business CultureEstablish an enforceable code of conduct.Initial and ongoing training.Regular communications.Anonymous reporting hotline.Enforcement/Action.Rewarding employees that live the culture.
How to Write a Code of Ethics and Code of Conduct:Review your mission statement and core values.Talk to stakeholders.Review past ethical issues.See where other companies have faltered.Create a draft code for input and discussion.Create a final draft and share it.